Report Highlights

The global market for geothermal power generation was nearly $12.2 billion in 2014. The market is expected to reach nearly $20.8 billion by 2020 from $12.9 billion in 2015, increasing at a compound annual growth rate (CAGR) of 10.0% from 2015 to 2020.

Report Includes

An overview of the global markets for geothermal energy, which is dissipated through the earth’s surface largely by conduction and convection

Report Scope

The scope of this report is broad and covers many types and technologies of geothermal energy used globally. The market is broken down into major types, regions, applications and technologies. Energy generation forecasts from 2015 through 2020 are given for each major type of the geothermal energy market, with their technologies and regional market.

The report also includes a discussion of the major players in each of the regional markets and explains the major global drivers, the current trends, major challenges and the regional dynamics of the market. The report concludes with a special focus on the supplier landscape. It includes detailed profiles of the major vendors in the geothermal energy industry globally, and discusses the market share of the major players by region.

Analyst Credentials

Aneesh Kumar has been a project manager and partner with BizImpact Knowledge Services, LLP, a market research and services company primarily focused on opportunities in science and technology, since 2011. Kumar manages a team focused on global market research projects, primary interviews and market forecasting. He holds a BBA from the Institute of Chartered Financial Analysts of India and is a member of the Indo-German Chambers of Commerce.

Energy and Resources Research Review include portions of several market research reports that were published in 2018 and are an efficient way for market professionals to keep up with the general market developments of 2018.

The global market for alternative energy storage market reached $847 million in 2016. This market should reach $1.3 billion in 2017 and nearly $5.7 billion by 2022 under a consensus scenario at a compound annual growth rate (CAGR) of 34.0% through 2022.

In terms of revenue, the global renewable energy market (excluding biofuels) reached $432.7 billion in 2013 and $476.3 billion in 2014. This market is expected to increase to $777.6 billion in 2019, with a compound annual growth rate (CAGR) of 10.3% from 2014 to 2019.

The global market for power electronics was worth $10.6 billion in 2013. The market is expected to grow at a compound annual growth rate (CAGR) of 6.9% between 2014 and 2019 resulting in totals of nearly $11.5 billion in 2014 and nearly $16 billion globally in 2019.

The global market for advanced materials and devices used in renewable energy systems was $18.2 billion in 2010; it is projected to approach $22.3 billion in 2011 and it will further grow to $31.8 billion in 2016 increasing at a compound annual growth rate (CAGR) of 7.4%.

Andrew McWilliams | Jan 2012

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